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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (389625)	4/10/2003 8:51:55 PM
From: DuckTapeSunroof	Respond to of 769670

Re: "That's laughable!" >>> Beside the point. But is it TRUE? Re: "Most of the scams happened during Clinton's watch!" >>> So what? The engine driving much of the mess was the stock options/watering tax loophole... which remained legal after this Reform effort was killed by industry lobbyists and their bought-and-paid-for politicians. >>> The bubble would NOT HAVE BEEN POSSIBLE if the Levitt/Greenspan/Rubin reforms had been approved! >>> (And, as far as any of the remaining scams which may have depended purely upon the intent to commit fraud, not necessarily upon lax government regulations, such as the HealthSouth mess... we can clearly see that a certain amount of fraud in the private sector is a natural occurance under ANY market conditions... as any reading of history will demonstrate. >>> By the standards of the 1980s, private sector fraud in the '90s seems diminished - EXCEPT WHERE GOVERNMENT ACTION OR INACTION ENABLED IT LIKE THE PLUTOCRAT BUBBLE.